Holding in Company

FINSBURY TECHNOLOGY TRUST PLC

                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

          Finsbury Technology Trust plc

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

          AEGON UK plc

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

          As in 2

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

          Chase Nominees Limited

5)  Number of shares/amount of stock acquired.

          1,250,000

6)  (4.71 %) of issued Class

7)  Number of shares/amount of stock disposed

N/A

8)  ( N/A %) of issued Class

9)  Class of security

          25p Ordinary

10) Date of transaction

          NOT GIVEN

11) Date company informed
          
          13 October 1999

12) Total holding following this notification

          1,250,000

13) Total percentage holding of issued class following this notification

          4.71%

14) Any additional information

          This notification results from the acquisition of Guardian
          Royal Exchange plc's Life and Pension Fund business by AEGON UK plc

15) Name of contact and telephone number for queries

          David Fallon 0171 397 6987

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification...13 October 1999.....